Van ECK Associates Corp Buys 48,237 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Van ECK Associates Corp raised its position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 28.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 219,855 shares of the technology company's stock after purchasing an additional 48,237 shares during the period. Van ECK Associates Corp owned approximately 0.37% of Mercury Systems worth $7,431,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MRCY. Signaturefd LLC boosted its holdings in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company's stock valued at $25,000 after buying an additional 393 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Mercury Systems by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company's stock worth $710,000 after acquiring an additional 400 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Mercury Systems by 1.5% in the first quarter. Illinois Municipal Retirement Fund now owns 29,782 shares of the technology company's stock valued at $879,000 after purchasing an additional 450 shares during the last quarter. nVerses Capital LLC raised its position in shares of Mercury Systems by 16.7% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company's stock valued at $130,000 after purchasing an additional 500 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock worth $62,000 after buying an additional 503 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mercury Systems news, EVP Stephanie Georges sold 1,340 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $52,916.60. Following the sale, the executive vice president now directly owns 32,259 shares of the company's stock, valued at approximately $1,273,907.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Stephanie Georges sold 1,340 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the sale, the executive vice president now owns 32,259 shares of the company's stock, valued at $1,273,907.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven Ratner sold 3,891 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $38.41, for a total transaction of $149,453.31. Following the sale, the executive vice president now directly owns 60,079 shares of the company's stock, valued at $2,307,634.39. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,099 shares of company stock worth $865,740. 1.60% of the stock is currently owned by company insiders.

Mercury Systems Trading Up 2.5 %

Shares of NASDAQ:MRCY traded up $1.05 during midday trading on Friday, hitting $43.00. 312,231 shares of the stock traded hands, compared to its average volume of 585,800. The business's 50 day moving average is $36.09 and its two-hundred day moving average is $33.22. The stock has a market capitalization of $2.56 billion, a PE ratio of -17.52 and a beta of 0.71. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $43.04.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The business had revenue of $248.56 million during the quarter, compared to analyst estimates of $223.80 million. As a group, research analysts forecast that Mercury Systems, Inc. will post -0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Alembic Global Advisors raised shares of Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 target price on the stock in a report on Monday, August 19th. Robert W. Baird upped their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, August 14th. StockNews.com lowered Mercury Systems from a "hold" rating to a "sell" rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Royal Bank of Canada increased their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $34.00.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.